CSW Industrials, Inc. (NYSE:CSW) Plans Quarterly Dividend of $0.27

CSW Industrials, Inc. (NYSE:CSW) announced a quarterly dividend on Friday, January 16th. Stockholders of record on Friday, January 30th will be given a dividend of 0.27 per share by the basic materials company on Friday, February 13th. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, January 30th.

CSW Industrials has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 6 consecutive years. CSW Industrials has a payout ratio of 10.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect CSW Industrials to earn $9.53 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 11.3%.

CSW Industrials Stock Up 0.7%

NYSE CSW opened at $331.34 on Friday. CSW Industrials has a 1 year low of $230.45 and a 1 year high of $401.02. The stock has a market capitalization of $5.53 billion, a PE ratio of 38.89 and a beta of 0.82. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.76 and a quick ratio of 1.32. The business’s 50-day moving average is $291.74 and its 200 day moving average is $272.82.

CSW Industrials (NYSE:CSW) last released its quarterly earnings data on Thursday, October 30th. The basic materials company reported $2.96 earnings per share for the quarter, topping the consensus estimate of $2.73 by $0.23. CSW Industrials had a return on equity of 14.74% and a net margin of 14.88%. Sell-side analysts forecast that CSW Industrials will post 8.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

CSW has been the topic of several research reports. Jefferies Financial Group set a $350.00 price objective on CSW Industrials in a research report on Wednesday, December 3rd. Wells Fargo & Company raised their target price on CSW Industrials from $265.00 to $300.00 and gave the company an “equal weight” rating in a research note on Monday, December 15th. Weiss Ratings restated a “hold (c+)” rating on shares of CSW Industrials in a research report on Monday, December 29th. CJS Securities upgraded CSW Industrials to a “strong-buy” rating in a report on Thursday, December 11th. Finally, The Goldman Sachs Group lifted their price target on shares of CSW Industrials from $302.00 to $333.00 and gave the company a “neutral” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $323.67.

CSW Industrials Company Profile

CSW Industrials, Inc is a diversified industrial manufacturer that develops and supplies specialty chemical products, performance materials and precision surface solutions. The company’s offerings span a range of end markets including energy, industrial processing, converting and automotive, where its products serve critical functions in production efficiency, equipment maintenance and process enhancement.

In its chemical business, CSW Industrials produces solvent- and water-based formulations such as surfactants, corrosion inhibitors and custom blends used in oilfield exploration and production, metalworking, water treatment and other industrial applications.